Trustpilot, the FTSE 250 company, has reported a surge in bookings from North America and the 海角视频, leading to a significant increase in revenue during its latest financial year. The firm anticipates reporting a booking revenue of $239m (£195.7m), up from the previous year's $195m.
Trustpilot also saw an increase in annual recurring revenue, rising from $197m to $231m, while general revenue increased from $176m to $211m, as reported by .
Bookings from North America rose by 26 per cent, with a 22 per cent increase in the 海角视频 and an 18 per cent uplift in Europe and the rest of the world.
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In a recent filing with the London Stock Exchange, Trustpilot stated that its adjusted EBITDA [earnings before interest, taxes, depreciation and amortisation] is expected to surpass consensus. Following the announcement, Trustpilot shares rose nearly 13 per cent in early trading.
Trustpilot CEO Adrian Blair commented: "The Trustpilot platform continues to expand, driving a growth flywheel as more consumers read and write reviews, and more businesses use our products to build trust, grow and improve."
He added: "In 2024 we focused on B2B product innovation, launching new features combined with new pricing and product packages."
Blair concluded: "As a result, we delivered strong new business growth, combined with a significant improvement in the net dollar retention rate."
"New customer acquisition was strong throughout the year across all focus markets, particularly North America, and we are very pleased with the resulting overall growth in bookings of 21 per cent cc, with adjusted EBITDA expected to be ahead of consensus."
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"We made considerable strategic and operational progress in 2024 and remain confident in the significant growth opportunities ahead."
Trustpilot is set to announce its full-year results on 18 March.